Piper Jaffray has expanded its public finance investment banking group with the addition of industry veteran Romy McCarthy as a managing director.
McCarthy has joined the firm’s Milwaukee office, where she will focus on clients in the healthcare and senior living sectors, the Minneapolis-based investment bank announced Thursday.
“We are delighted to add someone of Romy’s caliber to our team,” said Steve Proeschel, head of healthcare and senior living at Piper Jaffray. “She brings a great skill set and strong commitment to meeting client needs.”
McCarthy joined Piper Jaffray on April 18, bringing more than 21 years of healthcare finance experience. She joins the firm from Ziegler, where she spent 19 years as a public finance investment banker within the healthcare and senior living groups.
Within those sectors, McCarthy has completed more than 90 financings totaling more than $3.2 billion for clients including nursing homes, assisted living providers, and continuing care retirement communities.
She earned her bachelor’s degree in business administration from Carroll University, and her MBA from Marquette University.
Frank Fairman, head of public finance at Piper Jaffray, said the addition of McCarthy is part of the firm’s continued commitment to expanding its public finance platform.
“She’s a proven professional who will undoubtedly broaden our strong healthcare and senior living business lines,” Fairman said.
Last month, Piper Jaffray said it is in the process of acquiring Seattle-Northwest Securities Corporation, a public finance firm that specializes in underwriting municipal securities in the Northwest region. The purchase is subject to approval from Seattle-Northwest shareholders.
Piper Jaffray was the 10th ranked underwriter of long-term municipal bonds by volume in 2012, according to Thomson Reuters data. Last year, the firm worked on 568 issues totaling $9.3 billion.